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The upcoming Bajaj Auto plant in Chakan might be used to construct premium vary of bikes from manufacturers like KTM, Husqvarna and Triumph, in addition to the Bajaj Chetak.
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Bajaj’s new plant will begin manufacturing in 2023 and can produce KTM, Husqvarna and Triumph bikes,
Pune-based two-wheeler maker, Bajaj Auto has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to set-up a brand new manufacturing facility in Chakan. The new facility will see the two-wheeler large make an funding of ₹ 650 crore, in keeping with a regulatory submitting. The facility is predicted begin manufacturing in 2023 and might be utilised to construct premium bikes from manufacturers like KTM, Husqvarna and Triumph. The new facility will even be used for constructing the Bajaj Chetak electrical scooter.
Also Read: Bajaj Auto Increases Prices Of The Pulsar Range In India
Under the MoU signed by the Bajaj Auto and the Maharashtra authorities, the latter will facilitate the corporate in acquiring essential permissions, registrations, approvals, clearances, fiscal incentives and extra from the involved departments of the state, as per the prevailing insurance policies and guidelines and laws. The proposed funding comes within the 75th 12 months of the model and might be large step in ramping up home and exports gross sales.
Also Read: Triumph, Bajaj Partner To Make Sub ₹ 2 lakh Motorcycle In India; To Arrive In 2022
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Bajaj Auto owns a major stake in KTM AG and construct the KTM and Husqvarna bikes in India as much as 373 cc for the home and export markets. Earlier this 12 months, the producer signed an settlement with the UK’s Triumph Motorcycles to collaborate and construct new bikes for rising markets. Moreover, the launch of the Bajaj Chetak sends the corporate in the precise route of electrical mobility for the lots. The new plant with a bigger manufacturing capability, will additional solidify the model’s world amibitions.
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